NEWYou can now listen to Fox News articles!
Following disappointing turnout in the previous year’s midterms and recent summer polls, Washington Democrats have initiated a confidential campaign urging the White House to investigate the decline in support from Black Americans.
A poll conducted by The Washington Post and Ipsos this spring revealed that only 17% of Blacks would be enthusiastic about President Joe Biden’s re-election. It’s evident that the economy is a key factor.
It is often overlooked that the historic “March on Washington” primarily emphasized the need for more employment opportunities in the Black community. Unfortunately, this problem persists even after six decades.
SOCIAL MEDIA SHREDS BIDEN POST CLAIMING ‘BIDENOMICS’ HAS BEEN ‘LOWERING COSTS’: ‘LITERALLY NOTHING COSTS LESS’
Blacks, who are crucial to Biden’s re-election, express dissatisfaction with the nation’s economy more than any other group. Despite this, Biden has embarked on an economic victory tour in recent months, touting the achievements of ‘Bidenomics.’ However, a significant number of Black Americans remain unconvinced, as does the rest of the nation.
Some in the White House Press have grown worried about President Joe Biden’s limited support among Black Americans.
(Yasin Ozturk/Anadolu Agency via Getty Images)
According to the Associated Press, only 36% of U.S. adults approve of Biden’s handling of the economy. Among Blacks, the overall approval is slightly better, but Quinnipiac reports that 35% of Blacks disapprove of Biden’s economic policies. Many of Biden’s proclaimed successes are cherry-picked data points.
Contrary to the administration’s assertions of reduced inflation, inflation has actually exceeded wage growth throughout Biden’s presidency, with inflation up by 15% while wages have only increased by 12%. The prices of essential items such as food, rent, and utilities have surged by almost 25% since Biden took office.
Consequently, the average household now spends $709 more per month compared to two years ago. Black Americans, who generally earn lower wages than the overall population, face a disproportionately heavy burden due to higher energy costs, household essentials, and rent, which consume a larger portion of their salaries.
The signs of economic distress are evident. The average age of cars on the road has reached a record 12.5 years. Due to limited supplies, rising prices, and higher interest rates, few Americans can afford to buy new cars. The latest data reveals that Black Americans are especially hesitant, as their share of the new vehicle market has declined by 8%, even as other groups have rebounded post-pandemic.
Moreover, Blacks are experiencing setbacks across various economic status indicators during the Biden administration. The homeownership gap between Whites and Blacks has widened, surpassing the pre-civil rights movement levels of 1960.
According to the U.S. Census Bureau, 74.6% of White households owned their homes in 2022, while only 45.3% of Black households were homeowners, resulting in an almost 30-point gap. In 1960, the gap was 27 points, with White homeownership at 65% and Black homeownership at 38%.
Meanwhile, proponents of the White House have been hailing Biden as the greatest president in terms of job creation. However, the White House is incorrectly categorizing pandemic job recovery as “creation.”
The truth is that millions of individuals, including a disproportionate number of Black Americans, were forced out of the workforce in 2021 due to Biden’s COVID-19 policies. The recent increase in employment merely indicates their return. Additionally, despite the overall unemployment rate reaching 3.5%, the unemployment gap between Black and White Americans has widened.
Blacks, perhaps more so than any group core to Biden’s re-election, are dissatisfied with the nation’s economy. Nevertheless, Biden has spent the last few months on an economic victory tour, touting the success of ‘Bidenomics.’ But despite his claims of record unemployment, increased wages, and falling inflation, a critical number of Black Americans are unconvinced, as is the rest of the nation.
CLICK HERE FOR MORE FOX NEWS OPINION
The Black unemployment rate has risen by over 23% since April 2023, reaching 5.8%, while the white unemployment rate has remained steady at around 3.1% during the same period.
As highlighted in my book, “How Donald Trump is Making Black America Great Again,” during the Trump years, this employment disparity was on track to become a thing of the past, as Blacks gained jobs at a faster rate than the overall population. However, under ‘Bidenomics,’ Black Americans are falling behind once again.
Adding insult to injury, gas prices have soared to their highest level in nearly 10 months. The Biden administration’s decisions to curtail domestic drilling have made the U.S. increasingly dependent on Saudi Arabia and OPEC.
CLICK HERE TO GET THE FOX NEWS APP
Black homeowners, who already pay $408 more annually for energy than the general population, are once again disproportionately affected. The emphasis on “green energy” disregards the interests of Black voters.
The warning signs are evident. The Biden economy is not benefiting anyone and is particularly detrimental to Black Americans. Unless there is a significant improvement, the White House should be concerned about the Black vote in 2024.
CLICK HERE FOR MORE FROM HORACE COOPER
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
